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Morningstar

Municipal Bond ETFs

Fixed-income funds that distribute income that is not subject to taxation at the federal, state, and sometimes local levels.

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Name
Ticker
Morningstar Category
Fund Size
Adjusted Expense Ratio
Total Return Rank in Category
3 Year
Total Return Rank in Category
5 Year
Total Return Rank in Category
10 Year
Management Style
iShares National Muni Bond ETFMUBMuni National Interm36.89 Bil0.050%454529Passive
Vanguard Tax-Exempt Bond ETFVTEBMuni National Interm34.65 Bil0.050%5443—Passive
iShares Short-Term National Muni Bd ETFSUBMuni National Short8.68 Bil0.070%516365Passive
SPDR® Nuveen Blmbg ST MunBd ETFSHMMuni National Short3.79 Bil0.200%939084Passive
SPDR® Nuveen Blmbg Muni Bd ETFTFIMuni National Long3.52 Bil0.230%828688Passive
VanEck High Yield Muni ETFHYDHigh Yield Muni2.97 Bil0.320%859569Passive
iShares California Muni Bond ETFCMFMuni California Long2.80 Bil0.250%355876Passive
Invesco National AMT-Free Muni Bd ETFPZAMuni National Long2.80 Bil0.280%727024Passive
JPMorgan Ultra-Short Municipal Inc ETFJMSTMuni National Short2.64 Bil0.180%127—Active
SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETFHYMBHigh Yield Muni2.63 Bil0.350%635753Passive
First Trust Managed Municipal ETFFMBMuni National Interm1.96 Bil0.650%73412Active
VanEck Intermediate Muni ETFITMMuni National Interm1.79 Bil0.180%988334Passive
PIMCO Intermediate Municipal Bd Actv ETFMUNIMuni National Interm1.46 Bil0.350%182332Active
JPMorgan Municipal ETFJMUBMuni National Interm1.39 Bil0.180%118—Active
Dimensional National Municipal Bond ETFDFNMMuni National Short1.25 Bil0.170%———Active
Invesco California AMT-Free Muni Bd ETFPWZMuni California Long842.20 Mil0.280%734934Passive
Capital Group Municipal Income ETFCGMUMuni National Interm737.75 Mil0.270%———Active
iShares New York Muni Bond ETFNYFMuni New York Long695.32 Mil0.250%134867Passive
IQ MacKay Municipal Intermediate ETFMMITMuni National Interm657.95 Mil0.310%4913—Active
BlackRock Short Maturity Muncpl Bd ETFMEARMuni National Short620.58 Mil0.250%912—Active
First Trust Municipal High Income ETFFMHIHigh Yield Muni608.51 Mil0.700%4316—Active
PIMCO Short Term Municipal Bond Actv ETFSMMUMuni National Short575.90 Mil0.350%342221Active
iShares iBonds Dec 2025 Term Muni Bd ETFIBMNMuni Target Maturity518.23 Mil0.180%3134—Passive
AB Tax-Aware Short Duration ETFTAFIMuni National Short499.68 Mil0.270%———Active
IQ MacKay Municipal Insured ETFMMINMuni National Long459.56 Mil0.310%6029—Active
iShares iBonds Dec 2024 Term Muni BondIBMMMuni Target Maturity457.59 Mil0.180%91—Passive
VanEck Long Muni ETFMLNMuni National Long455.94 Mil0.240%969556Passive
iShares iBonds Dec 2026 Term Muni Bd ETFIBMOMuni Target Maturity455.86 Mil0.180%4254—Passive
Vanguard Short-Term Tax-Exmpt Bd ETFVTESMuni National Short440.82 Mil0.070%———Passive
American Century Divers Muncpl Bd ETFTAXFMuni National Interm436.89 Mil0.290%487—Active
iShares iBonds Dec 2027 Term Muni Bd ETFIBMPMuni Target Maturity423.95 Mil0.180%5074—Passive
First Trust Short Dur Mgd Muncpl ETFFSMBMuni National Short415.45 Mil0.550%6232—Active
Hartford Municipal Opportunities ETFHMOPMuni National Interm410.14 Mil0.290%2210—Active
Columbia Multi-Sector Municipal Inc ETFMUSTMuni National Interm401.74 Mil0.230%7116—Passive
VanEck Short High Yield Muni ETFSHYDHigh Yield Muni320.83 Mil0.350%3672100Passive
Schwab Municipal Bond ETFSCMBMuni National Interm316.87 Mil0.030%———Passive
iShares iBonds Dec 2028 Term Muni Bd ETFIBMQMuni Target Maturity313.13 Mil0.180%7594—Passive
Dimensional California Municipal Bd ETFDFCAMuni California Intermediate276.19 Mil0.190%———Active
VanEck Short Muni ETFSMBMuni National Short254.71 Mil0.070%847451Passive
VanEck CEF Municipal Income ETFXMPTHigh Yield Muni227.65 Mil1.820%1009772Passive
First Trust California Muni Hi Inc ETFFCALMuni California Long220.64 Mil0.650%2926—Active
Invesco BulletShares (R) 2025MuncplBdETFBSMPMuni Target Maturity216.07 Mil0.180%23——Passive
Franklin Dynamic Municipal Bond ETFFLMIHigh Yield Muni214.21 Mil0.300%913—Active
JPMorgan Sustainable Municipal Inc ETFJMSIMuni National Interm209.53 Mil0.180%656361Active
First Trust Ultra Short Dur Muncpl ETFFUMBMuni National Short202.49 Mil0.450%2125—Active
Invesco BulletShares (R) 2024MuncplBdETFBSMOMuni Target Maturity200.94 Mil0.180%1——Passive
Invesco BulletShares (R) 2026MuncplBdETFBSMQMuni Target Maturity188.91 Mil0.180%75——Passive
JPMorgan High Yield Municipal ETFJMHIHigh Yield Muni173.50 Mil0.350%938794Active
PIMCO Muncpl Income Oppos Act Ex-TrdMINOMuni National Interm154.31 Mil0.390%———Active
Vanguard Intermediate-Term Tx-Exm Bd ETFVTEIMuni National Interm143.03 Mil0.080%———Passive

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